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Japan: General government deficit (% of GDP)

Percent of GDP · 1875–2025 · 148 observations · forecasts to 2031 · gen_govdef_GDP

2025
−1.00%percent of GDP
Change on 2024
+0.7 pointsfrom −1.68%
Average, 2016–2025
−3.67%10 years
Record high and low
12.5% (1949)low −9.91% (1998)

General government deficit (% of GDP)

Report error
-10%-5%0%5%10%15%18801900192019401960198020002020JapanJapan
ForecastPercent of GDP

Compare with other countries →Definition of General government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2031-4.04Forecast
2030-3.70Forecast
2029-3.29Forecast
2028-2.95Forecast
2027-1.13Forecast
2026-1.92Forecast
2025-1.00
2024-1.68
2023-2.33
2022-4.18
2021-6.32
2020-9.04
2019-3.05
2018-2.44
2017-3.05
2016-3.58

Sources

  • IMF Fiscal Policy Panel1875–2023
  • OECD Economic Outlook1960–2025
  • IMF World Economic Outlook1980–2024
  • IMF Government Finance Statistics1994–2024
  • Asian Development Bank (archive)2000–2023
  • Asian Development Bank2000–2024
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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